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rate base
noun
1.
a guaranteed minimum amount or number used to compute advertising rates, as the number of subscribers to a publication.
2.
a basic amount or number used to compute charges to a customer, as the number of monthly phone calls.
3.
the valuation of property upon
which
tax rates are based.
Dictionary.com Unabridged
Based on the Random House Dictionary, © Random House, Inc. 2012.
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"Music is of two kinds: one petty, poor, second-rate, never varying, its base the hundred or so phrasings which all musicians understand, a babbling which is more or less pleasant, the life that most composers live."
-Honoré De Balzac
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